For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Our realtor had a reputation of closing deals and estimated the appraisal value very accurately for our offer.How did you finance this deal?

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Commercial lenders will be able to answer this question accurately for you. 

There's a lot of chatter on these forums about pros and cons to forming LLC's in specific states citing greater protection and privacy but it's not entirely accurate and certainly unnecessary.

Some people on this forum have real experience and real solutions, not boiler room solutions like yours.You've been to too many get rich quick seminars at the Red Lion.That is not accurate.

@Dave Hart I don't know of any data analytics tool that gives you accurate price to rent ratios on small multi-family properties.

This is the most accurate method for determining the After Repair Value (ARV).Your broker can provide a Comparative Market Analyses (CMA) to assist you in estimating the specifications of homes in the area and the value that these specifications add to your property.

How accurate is it ?

Ensure you thoroughly research and analyze potential areas for profitable flips.Renovation Costs: Accurate estimation of renovation costs is crucial.